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Samsung Profit Misses Estimates on Smartphone Slump, Chip Prices

"Samsung Electronics Co. posted fourth-quarter profit that missed analysts' estimates as slowing demand for high-end smartphones crimped sales of its own devices and prices for key components. Net income, excluding minority interests, was 3.24 trillion won ($2.7 billion) in the three months ended December, the Suwon, South Korea-based company said in a filing Thursday."

"Samsung Electronics Co. posted fourth-quarter profit that missed analysts' estimates as slowing demand for high-end smartphones crimped sales of its own devices and prices for key components. Net income, excluding minority interests, was 3.24 trillion won ($2.7 billion) in the three months ended December, the Suwon, South Korea-based company said in a filing Thursday."